I have plotted YELLOW ARROWS over the month of the Papal visits.
Other websites have pointed out that the Pope has visited the US only at important stock market tops, but you can see here that although the timing of the September 1987 peak and the April 2008 peak in the stock market are astounding, the other 5 are merely random. Beware of interesting factoids, but fact-check them here with TradingView charts.
Tim
评论
LastBattle
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Conclusion: The pope is the market bear!
Killy_Mel
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turn the arrows the other way and hey - great buying opportunities, except in 2008 the old Pope failed, but he just forgot to sing Catholic Church's mortgage payments... which led to liquidation of the MBS)))
timwest
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If you hold for 6 months after the Papal visit, it looks like the losses are quite large from following a "buy" strategy after his visits.
If you hold for 1 year, I think it is still a loss, just because the 1987 and the 2008 losses are so huge.
Killy_Mel
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i mean if you use the points to buy and hold - to basically dollar cost average each papal visit. - portfolio started in seventies would have been in a huge profit
Killy_Mel
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just calculate buying 1000 usd worth of index each point, it would worth much more than the 8000k spent. and it is the whole purpose of the stock indicies - so that Average Joe investing throughout his life would benefit from total portfolio growth plus dividends reinvested